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The Great Recession and the turn towards all forms of protectionism stress the relevance of international trade policy. With the global economy undergoing deep structural changes, the negotiations between Canada and the EU on a Comprehensive Economic and Trade Agreement (CETA) present a real-time experiment that sheds light on the direction that the relationships between two economic units of the G8 will take. For Canada, an agreement with the EU would end its current dependency on the US; for the EU, an agreement with Canada would be a first with a G8-economy and indicate how its new trade strategy ‘Global Europe’ will look like. This book is the first to simultaneously analyze the undercurrents of this project and introduce the main topics at hand. CETA is much more than a simple free trade agreement, its breadth covers regulatory aspects in goods, services, and finance; the opening of public procurement markets; attitudes and policies of Canadian provinces towards liberalization; climate policies and international leadership claims of the EU in comparison to Canadian policy attempts; the challenges of the Euro project and the reform efforts; and the challenges of the Euro as a international reserve currency. CETA is a challenging project that will kick-start enormous changes in trade policy-making as well as in market openness in Canada. It will mark the EU’s efforts to re-make the Atlantic Economy. This book provides deep insights into the ambiguity of the project and addresses the implications of a rapidly changing global economy for trade policy. Offering analysis of the financial industry, banking, trade policy, climate change strategy, and the Euro exchange rate, this book should be of interest to students and policy-makers alike.
"A concise analysis of the draft Comprehensive Economic Trade Agreement between Canada and the European Union. Each chapter is dedicated to a specific topic area and generally includes a brief summary of the topic, reviews the pre-CETA landscape and how it has been changed by the agreement, a comparison to other trade agreements and concluding remarks."--
The Comprehensive Economic Trade Agreement (CETA) between the EU and Canada, on which negotiations were concluded at the EU-Canada Summit in Ottawa on 26 September 2014, will be a 'first' in many areas. The agreement will be the EU's first with another highly industrialised country to facilitate market access for goods, services and investment by abolishing almost all tariffs and reducing a wide array of non-tariff barriers. CETA is also the first agreement to have been negotiated with a sound chapter on investment protection, (including Investor-State Dispute Settlement (ISDS) provisions) {OCLCbr#D0}– an area that is, since the entry into force of the Lisbon Treaty, an EU competence. The EU and Canada have agreed to improve regulatory cooperation without compromising existing safety standards, and CETA includes protection for more than 145 food products with geographical indications (GIs). The agreement preserves the governments' right to regulate in the public interest. The European Parliament will be asked to give its consent to this agreement and to the parallel Strategic Partnership Agreement (SPA) {OCLCbr#D0}– a process that is likely to take two years. This will give the Parliament sufficient time to weigh potential public concerns {OCLCbr#D0}– which today are focussed principally on trade and investment negotiations with the US, but may spill over onto this agreement with Canada.
"The aim of this book is to help Canada’s and Europe’s business community get a better understanding of what is new in CETA, how it is different from traditional trade agreements, and how it is bound to benefit the Canadian and European economies. We describe how today’s firms operate in a new trade reality where global value chains and service trade are omnipresent. We show how the agreement reflects this new reality in its comprehensive nature compared to other recent free trade agreements, providing a long-awaited effectiveness in addressing so-called “behind the border” barriers. Attention to the pharmaceutical, food, automotive, maritime and telecommunications industries, which have been specifically targeted by the Treaty. The combination of our economic and legal analysis provides business leaders the opportunity to deepen both their understanding why the accord matters economically and how the legal measures will affect their specific businesses. We also discuss how CETA will play a key role (after more than two years of provisional application) in the economic recovery post-COVID-19. The Comprehensive Economic and Trade Agreement between the European Union and Canada: Economic Perspectives and Legal Analysis is a timely publication that providers readers an easy-to-understand overview of the key changes that CETA has introduced."-- Page 4 de la couverture.
EU-Canada negotiations for a Comprehensive Economic and Trade Agreement (CETA) started in May 2009 and were declared concluded at the EU-Canada Summit on 26 September 2014. The agreement's overall aim is to increase flows of goods, services and investment to the benefit of both partners. For the EU, CETA represents the first comprehensive economic agreement with a highly industrialised Western economy. Except for a few sensitive agricultural products, the agreement would remove practically all tariffs on goods exchanged between the two partners. Canada would substantially open up its public procurement at both federal and sub-federal level, thereby eliminating a major asymmetry in access to each other's public procurement markets. The EU succeeded in securing protection for a large number of European Geographical Indications (GIs) on the Canadian market. Provisions on sustainable development should ensure that trade and investment do not develop to the detriment of, but rather support, environmental protection and social development. On 5 July 2016, the Commission made three proposals for a Council decision with respect to CETA: to sign the agreement, on provisional application, and on conclusion. The Council and Member States have had difficult discussions on the conditions under which CETA can be signed. The consent procedure can be launched once the proposal to conclude the agreement has officially reached the European Parliament. First edition. The ‘International Agreements in Progress’ briefings are updated at key stages throughout the process, from initial discussions through to ratification.
This briefing paper provides details about CETA, the comprehensive trade and economic partnership (Comprehensive Economic and Trade Agreement).
On 26 September 2014 the European Union and Canada announced the conclusion of the negotiations of a new agreement that would open the doors for new business opportunities and enhanced economic co-operation, creating a trade bridge between two economic powers. The EU-Canada Comprehensive Economic and Trade Agreement (CETA) is a secondgeneration agreement, since it is not merely focused on the abolition of tariffs but more properly on the abolition of nontariff barriers. The agreement also contains innovative stateto-state dispute settlement provisions. The purpose of this article is to analyze these provisions but also to underline the extent to which they represent an innovation in comparison with the WTO Dispute Settlement Understanding (DSU). In order to do so, the article offers an overview of the major salient issues on dispute settlement in preferential trade agreements as well as on the EU-Canada CETA state-to-state dispute settlement provisions and compares the latter to the WTO DSU. The analysis sheds light on the rather more simple nature of the EU-Canada CETA dispute settlement chapter compared to that of the WTO DSU because of the absence of an appellate review stage, which will probably be balanced by a more incisive role for the CETA Joint Committee. The analysis of the contours of the dispute settlement chapter of the CETA concludes with the identification of the major similarities with the WTO DSU but also by identifying the major improvements in the EUCanada CETA, if compared with the WTO DSU. Ultimately, this article shows how CETA has reinforced the economic partnership between the European Union and Canada without disregarding civil society participation and transparency in the dispute settlement phase.